Company Profile

Company Profile

BritNed owns and operates the first subsea electricity interconnector between Great Britain and The Netherlands.

Our customers have the opportunity to purchase capacity of up to 1000 MW, which can flow in either direction between the UK and Europe. We give them open access to this capacity through a combination of regular auctions – annual, quarterly, monthly, day-ahead and intraday.

We work hard to deliver a portfolio of auction products to meet our customers’ needs and to provide an exceptional level of customer service.

In our longer term (Explicit) auctions, customers bid to secure the ability to flow power in either direction. Any unused capacity is then made available in our day-ahead auctions (Implicit) through the power exchange. At this stage, both capacity to flow and the power are sold in one single transaction.

By providing more inter-connectivity between European countries, BritNed helps the move to a single European market. The interconnector links the generating capacity and the electricity demand of domestic and industrial consumers. Providing the ability to flow in either direction means the electricity transmission network can respond to the supply and demand needs of generators and customers.

We are also developing ancillary services within the European Market. These products can benefit the security of supply within Europe.

The BritNed interconnector is part of a major programme of investments made by National Grid and TenneT to ensure continuing security and diversity of supply, helping to facilitate low carbon generation.